NEIRO Surges 24% as Token Burns Reduce Supply and Trading Volume Reaches $560 Million

NEIRO has experienced significant volatility in the past 24 hours, with its price rising over 24% to approximately $0.00060563 USDT amid increased trading activity and volume. The token remains well below its all-time high but is trading substantially above its historical low, reflecting renewed market interest and heightened liquidity.

The current price stands at $0.0005518, with a 24-hour range between $0.0005094 and $0.0006448, and trading volume reaching $560.83 million, up 116% from the previous period. Market capitalization is reported at $232.15 million with a circulating supply of 420.68 billion NEIRO. The recent price surge is attributed to NEIRO’s ongoing daily token burns, which have removed at least 15% of total supply, including a major burn event following its expansion to Ethereum. This reduction in supply, combined with increased smart wallet accumulation and cross-chain activity, has contributed to bullish sentiment and heightened trading. Technical analysis indicates mixed short- and medium-term signals, with daily charts showing bullish momentum while intraday indicators suggest potential for a short-term retracement as the market consolidates. No major new partnerships or external events have been reported, with current market dynamics driven primarily by supply reduction and active trading performance.